Blog
Should I take out a payday loan to pay off another payday loan?
11th January 2020Using a short term loan to pay off another loan can lead to a spiral of debt that gets increasingly hard to escape from with every loan you take out. Not only that, but as the interest increases on the loan, you’ll need to borrow more to pay it off, so you’ll end up spending far more than if you’d paid off the first loan originally.
